Assigning question

If you're afraid of what the seller might say about getting your assignment fee, I always am upfront from the beginning. I always let the seller know that I will be getting a profit (they know I'm a company and company has to have profits otherwise they will go under) however, once I tell the seller that we have buyers in place and ready to close if I decide not to en-act my right to purchase quickly they are usually okay with it, then once I tell the sellers that I will pay for the updated abstract and it's no cost to them....they're asking me where do they sign????

Good Luck!!

Destrie

Destrie, are you paying for the title search? What exactly do you mean 'I will pay for the updated abstract'?

Yes, I pay for the title search myself. I have no problems in paying for some of the closing fees associated with this. My goal is to help out homeowners that need to sell their house now. In my area it's called an updated abstract, but it's the same thing as a title search.

Destrie

you want to make sure the title is marketable plus with helping out of course.

thank you for that explanation. that is a nice option. The ideas just keep coming up when I cruise around the site. Don't let anything stop you!
Thanks for sharing info!
Lance

Hi, I have a question.

An agent is sending me listings but they already have agents themselves. How do I speak to the seller directly and is that even possible?

Do I need to find sellers on my own when doing first re-assignments rather than getting already listed properties?

What is the best way to find motivated sellers for re-assignments? Any advice is greatly appreciated.

Thanks

Hello All

If I can get a great deal and assign it, does anyone know if I can have them make them payment out to a different person (say a "business partner") since I can not have any big chunks of money coming in due to a upcoming bankruptcy??? I have been holding off because of this concern, but if having the payment put in another name is not going to be an issue, I want to start asap!!

Any advice is appreciated! Thanks!!

I am looking for a realtor partner to do some assignment deals, but am unsure how to pay them.
Is there a standard fee for helping w/ an assignment deal?
They are neither the buyer or seller rep so why would they help you?

Hi,
My question is about some of the forms that are mentioned in the "Profit Right Now" book on page 150. You mention five different forms, 3 of which I don't see under the Forms and Documents link on this site.

They are the:

Investor Disclosure Statement and Seller's Acknowledgement

Property Disclosure Statement

Discharge of Agreement to Purchase Statement

I'd appreciate if someone can tell me where do I find these forms on the site to down load?

Thank you.

I need the same ones as the one you are talking about. I will have to do a search to see if they're hiddent in this site somewhere...

Destrie

can anyone tell me what is the most effective way to find a motivated buyer? i know there are many ways to go about this,but who has come up with one that has a high success rate. thank you.

Look at your asessor's site. Many times they have their records online, and you can do a search.

Here is my detailed post:

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

Destrie

Ok, I have a couple questions about assigning. I have talked to a couple realtors... I should say many realtors and a couple that are considering working with me. One said that it is illegal because I am (acting) as a realtor by finding and essentially selling the property. Also, If I am having a realtor try to find properties for me to assign they say my offer is no good if I can't provide proof of funds, eventhough I will be assigning it to an investor who can pay cash.

Please help, these are some roadblocks that I've hit and I'm trying to find a way around them. Thanks

No assigning is not illegal and you are not acting as a realtor. What you are doing is finding a property, getting it under contract at a great price and assigning your interest in that contract to another buyer/investor.

As far as needing proof of funds, this is sometimes true when making an offer on a bank owned property but not always. It depends on the bank. But you don't need proof of funds for every offer you make to be valid. Even then, there are ways around this if you have a buyer lined up. You can use a proof of funds letter from a day funding company and do a double closing. There is alot of information on this site about how to do this so I won't repeat it here. Just do a search on "day funding" or "transactional funding" and you should be able to get all of the specific information you need to use this strategy.

Finally, if the realtor you have been working with is that negative about what you are trying to do before you even start. Maybe, you need to move on and find someone who is willing to work with you without telling you all the reasons you can't do it.

Good luck with your real estate investing. You can do it.

Bruce

Hi, this is my first day on. I just recieved Dean's books and I'm ready to change the quality of my life, so this is my question(s).

Can I market a property that I don't have in oreder to get buyers lined up?

How do I go about the assignment process with the seller if they are in a stage of foreclosure?

Hey Scottie if you shoot me a direct email at r.peoples@**** I can provide you with some great questions to ask realtors to see if they qualify for your business.

I would suggest doing a search for these forms on google, you'll be suprised. I'm not, however guaranteeing that they will be there though. Hope this helps-

i am looking a poetential killer deal but the house is in what they call a b-5 zone and requires a 20% down payment. this would be my first deal so i am a little unsure of myself. would this be a problem when trying to assign the property, or is it no big deal. Also, i am not sure whether the real estate agent will allow me to asign it, is there a good way to persuade them? thanks to anyone that can offer advice.

I'd like to know some of those questions.
If you have a moment, plz sent 'em over.

Thanx!

has anyone heard of americo investors i need to know if they are really what they advertise that you find we fundit...

ok so if I assign a prop to an investor, before closing with the seller. I need to put in the contract that I get the . my question is ,How do I write that up so that I dont get all confused or sound like I dont know what I am talking about?

What would be the lowest spread I can go without losing anything? Does this make sense to anyone?

hi my name is jonathan and i just got the program,spent all the money i hade on it.....so maby you can give me a trick or 2 on how to make fast money?

click on the link forms/contracts or just look on pgs.164-170 PFRERN! Hopefully that helps!

I love your idea could you forward it to my email. Iam just starting this new adventure and I need all the help I can get thxs Ptwinturbo@****

Hi everyone,
I haven't done anything yet, but did find a realtor. They e-mailed me and told me they have a seller with 760 properties to sell all-together. No cherry picking. These properties are in different states. The seller wants $43mil for all. If anyone can help out with this please let me know because I really don't know what to do and have offered this up to 3 buyers but I haven't heard back from any.
Karen

Hi, I'm farely new here, but from what I have read in Dean's book "Profit from real estate Right Now", I would say it is indeed NOT illegal otherwise Dean, nor any of the success stories wouldn't have been able to publish it. That "agent" just doesn't want us investors making more money for less work. Cut that agent off and keep it moving. It's not illegal! Keep in touch-

You don't need a Realtor to do assignment deals. find the property by drive around and research who owns it on the county property appraiser website. check my post!

How much weight does property taxes hold when it comes to buying and selling houses

I want to know what is going to happen when im sitting there with a seller & buyer in a double closing. Will the seller have to sign anything with me? will the buyer have to sign anything? How will I find a buyer and a seller to do a double closing? Is it a agreement they (seller & buyer) have to sign? I have these questions and some more...